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The numbers you cite are about zero sum redistribution. They don't capture that a rising tide lifts all boats. You're also wrong about costs -- people are wea
by loeg 11mo ago
The numbers you cite are about zero sum redistribution. They don't capture that a rising tide lifts all boats.
You're also wrong about costs -- people are wealthier today than in 1989 in constant, inflation-adjusted terms. It's true that some good are more expensive; but others are less expensive, and quality has increased significantly across most categories.